Risk Management Manager

Location:

800 Philadelphia Street

Indiana, PA 15701

or

358 N Shore Drive
Pittsburgh, PA 15212

Hours:

Monday - Friday: 8:00AM-5:00PM

(Additional hours as necessary to meet the objectives of the department)

Function: 

Responsible for management of activities necessary to identify, evaluate, mitigate, and monitor risks across S&T Bank. Activities will include the Enterprise Risk Management framework and programs developed and maintained in the Risk Management Department. Programs may include Enterprise Risk Management and Governance activities, inclusive of Issues Management, Risk Appetite, strategic objectives/Top and Emerging Risks, Committee and Corporate Policy oversight, and other programs as directed by senior-level risk management personnel. Responsibilities may also include functioning as a department liaison to internal/external auditors and regulatory examiners.

Duties and Responsibilities:

• Enterprise Risk Management Program and Governance
  • Manage the design, implementation, and ongoing maturity of Enterprise Risk Management Programs, including the identification and build of additional programs and practices to enhance and mature the existing framework.
  • Reviews, challenges, and suggests enhancements to risk management methodologies to drive consistency with Enterprise Risk Management framework and supports a consistent approach in analyzing, reporting, and governing risks across risk programs. 
  • Responsible for coordination, maintenance, preparation, collation, and review of Enterprise Risk Management and Board Risk Committee materials for areas under the purview of the CRO, including the Enterprise Risk Management update and action plans. 
  • Supports Director, Risk Management participation in S&T’s Strategic Planning and PMO processes from a risk perspective, and other activities as necessary to identify and monitor risk across the organization.
  • Assumes responsibility for management of projects as assigned, the results of which may entail a high level of importance relative to effective risk management oversight or meeting regulatory expectations.
  • Continue to advance knowledge, understanding and use of relevant laws, regulations, policies, and procedures that apply to job function.
  • Applies best practice and regulatory knowledge to oversee design and implementation of tools and procedures used to analyze, monitor, and report risk according to the enterprise risk management framework and program guidelines.
  • Supports preparation of quarterly ERM Report to the Risk Committee of the Board of Directors including a summary narrative of any changes in S&T’s risk profile and/or risk categories; Key Risk Indicators, tolerances, trends including current and emerging; and Management Action Plans.
  • Supports the Director of Risk Management with oversight of the management committee hierarchy and associated charters to confirm alignment with regulatory guidance and expectations, as well as ensuring adherence to ERM committee governance procedures and practices.  Represents Enterprise Risk lens in various management committees and working groups to drive understanding and collaboration across risk disciplines and the line of business. 
  • Supports the Director of Risk Management with preparation and understanding of material associated with Risk Management’s membership on various management committees.

• Centralized Issues Management (CIM) Program
  • Administers the Centralized Issues Management (CIM) program end-to-end, including:
    • Leading system development and enhancements with information technology;
    • Providing user support, training, and guidance;
    • Producing reporting for executive and committee visibility;
    • Performing monitoring to ensure accountability for timely resolution of issues; and
    • Managing and maintaining CIM access, according to internal access management policy. 

• Corporate Policy and Procedure Framework
  • Oversees timely administration of Policy Framework activities, including managing annual and off-cycle updates, ensuring all required approvals are received.
  • Coordinates with Office of the Corporate Secretary to ensure that all Board or Board Committee policies are added to the appropriate agendas. 
  • Reviews and makes recommendations to Risk Management Leadership and coordinates second line review of new or amended S&T policies for applicability and appropriateness of content, inclusive of ensuring compliance with regulatory guidance and expectations.
  • Performs the Risk Management Department’s control over S&T policy documentation to ensure the integrity, accuracy and appropriate archival of information related to policy governance.
• New, Expanded, and Modified Products & Services (NEMPS) Risk Management
  • Defines criteria to identify NEMPS and reviews initiative business cases to ensure all NEMPS are properly identified
  • Maintains New, Expanded, and Modified Products & Services (NEMPS) methodology, in conjunction with PMO. 
  • Manages coordination and oversight of Significant Initiatives Review Committee (SIRC) activities, including NEMPS determination and business initiative risk assessment (BIRA). 
  • Works with the NEMPS owners to provide periodic updates to ERMC and the Risk Committee
• Regulatory Change Management
  • Defines and administers Regulatory Change Management (RCM) Program across the Risk Management Division, including policy and strategic oversight of the RCM lifecycle, and ensures effective communication, awareness, and escalation as needed to the Risk Committee. 
  • Drives program enhancements through proactive identification of opportunities to strengthen RCM processes, tracking methodologies, and associated risk impacts. 
• Monitors emerging regulatory developments, engages with industry forums, and contributes to regulatory risk assessments to ensure the organization remains forward-looking and responsive to regulatory expectations,
• Interacts with and facilitates requests from regulatory examiners and internal/external auditors during examinations and audits.
• Provides support for regulatory examinations by assisting with the collection of examination request list items, preparing information for upload to regulatory portals, and assisting the Director of Risk Management with follow-ups.
• Leads, in conjunction with the Director, Risk Management and Employee Training and Development Department, enterprise-wide training to drive awareness and a culture of effective risk management.
• Provides risk management insights to executives, line of business management, and the Risk Committee in a collaborative manner.
• Coordinates Our Shared Future (OSF) and team engagement activities on behalf of the Risk Management Division (RMD), including quarterly business review (QBR) updates, quarterly RMD All Hands events, and volunteer activities.
• Completes or coordinates all on-boarding tasks for all new risk management employees and first line of defense business risk and control managers.
• Maintains active, ongoing relationships and collaboration with Senior Executives and Management in the execution of their duties and responsibilities.
• Exercises a very high level of accuracy, initiative, interpersonal skills, and confidentiality while performing tasks in order to contribute to the success of risk management and the organization.
• Requires a high level of critical thinking, judgment, problem solving, decision-making and accuracy given the complexity, independence, severity of problems, and impact of decisions associated with the position.
• Maintains a good working relationship with all Bank employees. Demonstrates the ability to work independently and as a team player to contribute to the success of the department and the organization.
• Performs additional duties as required.

Education:

Requires a four-year degree or equivalent. Finance/Business, Risk Management, or related area. Risk Management or related certification, ift not already obtained, must be completed in 18 months.

Experience:

More than ten years of general experience with five to ten years specialized experience with an understanding of Finance, Risk Management, and or banking.  

Physical Demands:

Operates a keypad device 70-80% of the day.  Operates office equipment 0-10% of the day.  The primary parts of the body involved in performing these tasks are the fingers, thumbs, hands and wrists and elbows, legs/feet, lower torso, upper torso. Sitting 80-90% of the day, walking 10-20% of the day. Traveling to alternate work locations 0-10%.  Overnight stays require 0-10%. Sitting is required 70-80% per day, standing 10-20% per day. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Work can be performed at multiple locations.

Offered rates and salaries may vary based on geographic location, market data and on experience, education, and evidenced position specific skill requirements.

For roles that are incentive eligible, payment is based upon the plan document and company, business, and/or individual performance.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range: